Daily News Wrap-Up: Top States for Solar Open Access Installations in 2023
Solar open access developers fear higher module prices after ALMM reimposition
April 10, 2024
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India added 3.2 GW of new solar open access capacity in 2023, the most in any calendar year to date, with the top five states accounting for 84.2% of the new installed capacity. The installations surged 5.7% YoY from 3 GW in 2022, according to the recently released 2023 Q4 and Annual Mercom India Solar Open Access Market Report. The Approved List of Models and Manufacturers (ALMM) order suspension and the fall in module prices helped significantly reduce project costs during the year. Lower costs allowed developers to offer open access solar power at significantly lower tariffs, leading to higher capacity additions.